Applied Digital (OTCMKTS:APLD) Trading 9.2% Higher - Still a Buy?

Shares of Applied Digital Co. (OTCMKTS:APLD - Get Free Report) shot up 9.2% during mid-day trading on Wednesday . The company traded as high as $28.90 and last traded at $28.55. 9,436,293 shares were traded during mid-day trading, a decline of 70% from the average session volume of 31,766,740 shares. The stock had previously closed at $26.15.Get Applied Digital alerts:Applied Digital Stock Up 8.9%MarketBeat Week in Review – 7/3 - 7/7The firm has a market capitalization of $7.96 billion, a P/E ratio of -58.10 and a beta of 7.25. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.10. The company has a 50 day simple moving average of $32.51 and a two-hundred day simple moving average of $27.81. About Applied Digital (Get Free Report)Applied Digital OTCMKTS: APLD is a developer and operator of digital infrastructure specializing in high-intensity computing applications. The company designs, builds and manages large-scale data center campuses and modular computing facilities that leverage advanced cooling technologies to optimize performance and energy efficiency. Its core offerings include turnkey deployment of server racks, immersion cooling systems and proprietary control software aimed at serving blockchain networks, artificial intelligence workloads and other compute-intensive clients. Next-Gen AI Datacenters Driving Applied Digital Stock up 400% In addition to its data center services, Applied Digital maintains in-house blockchain validation operations, most prominently focused on bitcoin mining.Featured StoriesFive stocks we like better than Applied DigitalCSE: ALEN.U is targeting a fast-growing digital wellness marketNew Copper-Rich “Kraken” Zone DiscoveredBNZI stands out as a Zacks Buy. Earnings momentum and analyst upgrades align1,500 Banks Just Handed the Fed Your Bank Account3 Signs You May Want to Switch Financial AdvisorsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Applied Digital Right Now?Before you consider Applied Digital, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Applied Digital wasn't on the list.While Applied Digital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here